1. Based on this income statement, is your company doing better or worse than last year? Explain your answer based on the Dollar & % Change.

income statement

	2019	2018	$ Change	% Change
Total Revenue	$ 22,428	$ 21,965	$ 463	2%
Operating Expenses	$ 19,471	$ 18,759	$ 712	4%
Operating Income or Loss	$ 2,957	$ 3,206	$ (249)	-8%
Interest Expense	$ 118	$ 131	$ (13)	-10%
Capitalized Interest	$ (36)	$ (38)	$ 2	-5%
Interest Income	$ (90)	$ (69)	$ (21)	30%
Other (gains) losses, net	$ 8	$ 18	$ (10)	-56%
Net Income from Continuing Operations	$ -	$ 42	$ (42)	-100%
Non-recurring Events	$ 657	$ 699	$ (42)	-6%
Net Income	$ 2,300	$ 2,465	$ (165)	-7%
*all numbers in thousands.

2. Based on this BALANCE SHEET, is this company doing better or worse than last year? Explain your answer based on the Common Size Analysis.

	2019	2018	Common Size % 2018	Common Size % 2017
Cash and Cash Equivalents	$ 2,548	$ 1,854	9.84%	7.06%
ST Investments	$ 1,524	$ 1,835	5.89%	6.99%
Accounts and Other Receivables	$ 1,086	$ 568	4.19%	2.16%
Inventory	$ 529	$ 461	2.04%	1.76%
Prepaid Expenses	$ 287	$ 310	1.11%	1.18%
Total Current Assets	$ 5,974	$ 5,028	23.07%	19.16%
Flight Equipment	$ 21,629	$ 21,753	83.53%	82.89%
Ground Property & Equipment	$ 5,672	$ 4,960	21.90%	18.90%
Deposits on Flight Equipment	$ 248	$ 775	0.96%	2.95%
Assets constructed for others	$ 164	$ 1,768	0.63%	6.74%
Less Allowance for Depreciation	$ 10,688	$ 9,731	41.27%	37.08%
Goodwill	$ 970	$ 970	3.75%	3.70%
Other Assets	$ 1,926	$ 720	7.44%	2.74%
Total Assets	$ 25,895	$ 26,243	100.00%	100.00%
Total Current Liabilities	$ 8,952	$ 7,905	34.57%	30.12%
Long Term Debt	$ 1,846	$ 2,771	7.13%	10.56%
Other Liabilities	$ 1,684	$ 650	6.50%	2.48%
Deferred Long Term Liability Charges	$ 2,364	$ 2,427	9.13%	9.25%
Minority Interest	$ 1,053	$ 936	4.07%	3.57%
Negative Goodwill	$ 164	$ 1,701	0.63%	6.48%
Total Liabilities	$ 16,063	$ 16,390	62.03%	62.45%
Total Stockholders Equity	$ 9,832	$ 9,853	37.97%	37.55%
*all numbers in thousands